0.08 points eBook 01 Hint Print References Rocco operates a beauty salon as a sole proprietorship. Rocco also owns and rents an apartment building. In 2023, Rocco had the following income and expenses. You may assume that Rocco will owe $2,590 in self-employment tax on his salon income, with $1,295 representing the employer portion of the self-employment tax. You may also assume that his divorce from Svetlana was finalized in 2016. Interest income Salon sales and revenue Salaries paid to beauticians Beauty salon supplies Alimony paid to his ex-wife, Svetlana Rental revenue from apartment building Depreciation on apartment building Real estate taxes paid on apartment building Real estate taxes paid on personal residence Contributions to charity a. Determine Rocco's AGI. Note: Amounts to be deducted should be indicated by a minus sign. $ 13,890 88,060 46,160 23,570 6,850 34,280 13,750 11,780 6,734 4,798

a. What is the charitable contribution deduction? b. What is the carryover?

Rocco operates a beauty salon as a sole proprietorship. Rocco also owns and rents an apartment busiding. In 2023, Rocco had the following income and expenses. You may assume that Rocco will owe $2,590 in seif-employment tax on his salon income, with $1,295 representing the employer portion of the self.employment tax. You may also assume that his divorce from Svetlana was finalized in 2016. a. Determine Rocco's AGI Note: Amounts to be deducted should be indicated by a minus sign